Green Light for Growth: CCI Approves MHE-SSI Deal

On January 15, 2024, the Competition Commission of India (CCI) granted approval to Seventy Second Investment (SSI) for its proposed acquisition of a stake in Manipal Health Enterprises (MHE).

This approval was obtained through the green channel route. MHE, a prominent healthcare provider, operates a network of 27 hospitals across 14 cities in India, offering comprehensive multispecialty care.

SSI, the acquiring entity, is a wholly-owned investment entity of the Government of Abu Dhabi, incorporated in the Emirate of Abu Dhabi, United Arab Emirates.

Notably, the activities of the involved parties do not demonstrate any horizontal, vertical, or complementary overlaps within any conceivable relevant markets.

News by Rahul Yelligetti